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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, October 14<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0149 down 0.0089<BR>Chicago corn closed slightly higher.</DIV>
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<DIV> DEC11 HI 6.48 1/2 DEC11 HI 6.48 1/2<BR> LOW 6.32 1/4 LOW 6.32 1/4<BR> CLOSE6.40 Up 1 3/4 CLOSE 6.40 Up 1 3/4</DIV>
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<DIV> OLD CROP BASIS NEW CROP BASIS<BR>Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt<BR>ELEVATORS +DEC11+MAR12+MAR12<BR>CK Low 0.30 6.70 263.77 -0.35 6.05 238.18<BR>CK High 0.30 6.70 263.77 -0.35 6.05 238.18<BR>CK Avg 0.30 0.22 6.70 263.77 -0.35 -0.48 6.05 238.18<BR>Essex Cty N/A N/A<BR>Mdsx Low 0.30 6.70 263.77 -0.35 6.05 238.18<BR>Mdsx High 0.30 6.70 263.77 -0.35 6.05 238.18<BR>Mdsx Avg 0.30 0.22 6.70 263.77 -0.35 -0.48 6.05 238.18<BR>Hensall 0.30 6.70 263.77 -0.35 6.05 238.18<BR>Bruce 0.35 6.75 265.74 -0.35 6.05 238.18<BR>Putnam N/A -0.35 6.05 238.18<BR>Princeton N/A N/A<BR>Durham N/A -0.40 6.00 236.21<BR>Norfolk N/A -0.35 6.05 238.18<BR>Palmerston N/A -0.35 6.05 238.18<BR>Varna N/A -0.35 6.05 238.18<BR>Trenton 0.35 6.75 265.74 -0.35 6.05 238.18<BR>Winchester N/A -0.35 6.05 238.18<BR>North Gower N/A N/A<BR>Huron FOB N/A -0.35 6.05 238.18<BR>Kent FOB N/A -0.35 6.05 238.18<BR>Lamb FOB N/A -0.35 6.05 238.18<BR>Mdsx FOB 0.40 -0.35 -0.35 -0.30 6.80 267.70 -0.35 6.05 238.18<BR>FOB SW Que N/A N/A<BR>Track 0.78 7.18 282.47N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A N/A<BR>Jhnstwn-Eth N/A N/A -0.25 -0.10 N/A<BR>Aylmer-Eth N/A -0.25 -0.25 -0.25 -0.25 6.15 242.11<BR>Sarn-Eth N/A -0.30 -0.20 -0.10 -0.10 6.30 248.02<BR>Cllngwd-Eth N/A N/A N/A N/A -0.20* 6.20 244.08<BR>London-Cas N/A N/A -0.30 -0.10 N/A<BR>Pt.Colb-Cas 0.10 0.00 -0.25 0.05 6.50 255.89 0.10 6.50 255.89<BR>Cardnl-Cas -0.20N/A -0.70 -0.05 6.20 244.08 -0.20 6.20 244.08<BR>W O Feed 0.89 0.87 7.29 286.99</DIV>
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<DIV>US Rep 0.80 0.78 7.20 283.45<BR>Toledo El. -0.03 6.37 250.76 0.10 6.50 255.97</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A -0.48 5.92233<BR>Hamilton N/A -0.41 5.99235 4/5</DIV>
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<DIV>MID SD CRN -0.35 6.05<BR>HI SD CRN -0.35 6.05<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0149 down 0.0089<BR>Chicago soybeans closed moderately higher.</DIV>
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<DIV> NOV11 HI 12.75 3/4 NOV12 HI 12.52<BR> LOW 12.49 LOW 12.32 1/4<BR> CLOSE12.70 Up 13 CLOSE 12.51 Up 11 3/4</DIV>
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<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +JAN1+JAN1+MAR12<BR>CK Low -0.90 11.80 433.58-0.94 11.57 425.12<BR>CK High -0.89 11.81 433.94-0.89 11.62 426.96<BR>CK Average -0.90 -1.0611.80 433.72-0.91-1.1611.60 426.37<BR>Essex Cty N/A N/A<BR>Mdsx Low -0.90 11.80 433.58-1.05 11.46 421.08<BR>Mdsx High -0.80 11.90 437.25-0.80 11.71 430.27<BR>Mdsx Average -0.85 -1.0211.85 435.41-0.93-1.1811.59 425.68<BR>Hensall -0.83 11.88 436.33-0.83 11.69 429.35<BR>Bruce -0.90 11.80 433.58-0.90 11.61 426.59<BR>Putnam -0.80 11.90 437.25-0.80 11.71 430.27<BR>Princeton N/A N/A<BR>Durham -0.93 11.77 432.47-1.08 11.43 419.98<BR>Norfolk -0.84 11.86 435.78-0.83 11.68 429.17<BR>Palmerston -0.80 11.90 437.25-0.80 11.71 430.27<BR>Varna -0.85 11.85 435.41-0.85 11.66 428.43<BR>Trenton -1.00 11.70 429.90-1.15 11.36 417.41<BR>Winchester -0.97 11.73 431.00-0.97 11.54 424.02<BR>North Gower N/A N/A<BR>Huron FOB -0.70 12.00 440.92-0.70 11.81 433.94<BR>Kent FOB -0.89 11.81 433.94-0.89 11.62 426.96<BR>Lambton FOB -0.89 11.81 433.94-0.89 11.62 426.96<BR>Middlesex FOB-0.67-0.67-0.59-0.49 12.03 442.03-0.70 11.81 433.94</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.44-0.44-0.38-0.21 12.26 450.48-0.44 12.07 443.50<BR>Windsor -0.38-0.53-0.28-0.22 12.32 452.68-0.59 11.92 437.99<BR>Winchester -0.86 11.84 435.05 N/A</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.30 N/A N/A N/A 12.40 455.62-0.20 12.31 452.32<BR>Pt. Stanley -0.75 11.95 439.09-0.65 11.86 435.78<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC N/A N/A</DIV>
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<DIV>Toledo El. -0.47 12.23 449.52-0.59 11.92 437.92</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0149 down 0.0089<BR>Chicago wheat closed slightly higher.<BR>DEC11 HI 6.33 JUL12 HI 7.09<BR> LOW 6.12 1/4 LOW 6.88 3/4<BR> CLOSE 6.22 3/4 Up 4 3/4 CLOSE 6.97 1/4 Up 2</DIV>
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<DIV>Minni wheat closed slightly higher.<BR>MAR12 HI 8.40 SEP12 HI 7.94 1/4<BR> LOW 8.29 3/4 LOW 7.83 3/4<BR> CLOSE 8.33 3/4 Up 3 1/2 CLOSE 7.85 1/2 Up 1</DIV>
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<DIV>GFO Cash Wheat Prices - DEL Terminal<BR>Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.47 0.39 -0.47 0.31<BR>CAD $/bu 5.75 6.61 5.75 8.65<BR>CAD $/tonne 211.38 243.03 211.38 317.86</DIV>
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<DIV><BR>Direct MarkHarvest 2011 Harvest 2012<BR> DELIVERED BASIS DELIVERED BASIS<BR>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<BR>ELEVATORS<BR>Brgssvll N/A 0.10 -0.60 N/A N/A -0.35 -0.80 N/A<BR>London -0.62 0.19 -0.62 N/A N/A -0.15 -0.86 N/A<BR>Hensall -0.50 N/A -0.50 N/A -0.40 N/A -0.80 N/A<BR>Trenton N/A N/A -0.50 N/A N/A N/A -0.70 N/A<BR>Winchester N/A N/A N/A -1.00 N/A N/A N/A -0.30<BR>Essex N/A N/A -0.78 N/A N/A N/A -1.00 N/A<BR>Norwich -0.50 N/A -0.60 N/A -0.40 N/A -0.80 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.50 N/A -0.60 N/A -0.25 N/A -0.75 N/A<BR>Chatham N/A 0.15 -0.62 N/A N/A -0.29 -0.81 N/A<BR>Brigden N/A 0.15 -0.62 N/A N/A -0.29 -0.81 N/A<BR>Palmerston N/A 0.30 -0.51 0.30 N/A 0.12 -0.79 0.14<BR>Varna -0.45 0.35 -0.50 N/A -0.45 0.25 -0.80 N/A<BR>Mitchell -0.50 0.35 -0.45 N/A -0.40 0.15 -0.75 N/A<BR>Thornton N/A N/A N/A -0.80 N/A N/A N/A N/A<BR>North Gower N/A N/A N/A N/A N/A N/A N/A N/A</DIV>
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<DIV>TERMINAL<BR>Sarnia N/A N/A N/A N/A N/A N/A N/A N/A<BR>Hamilton N/A N/A -0.25 N/A N/A N/A -0.45 N/A<BR>Pt. Stanley N/A N/A -0.70 N/A N/A N/A -0.90 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.79 0.08N/A 0.24 1.06 0.24N/A</DIV>
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<DIV>Toledo El. 6.00US 6.08CA 6.84US 6.98CA</DIV>
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<DIV>GFO Contract Wheat Prices - DEL Terminal<BR>Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.27 0.35 -0.67 0.06<BR>CAD $/bu 6.71 7.32 6.30 7.91<BR>CAD $/tonne 246.43 268.92 231.43 290.76</DIV>
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<DIV>(C)-Basis over the Chicago Board of Trade futures<BR>(M)-Basis over the Minneapolis Grain Exchange</DIV>
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<DIV>FEED GRAINS<BR>Bayport Wheat 295.00 - 305.00<BR>Bayport Oats 305.00<BR>Bayport Barley 280.00<BR>FOB Hm Soymeal 377.66 - 380.97<BR>DDG's FOB Srn, Wndr, Aylm 218.00 - 270.00<BR></DIV>
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<DIV>John Jordan<BR>Editor, AgriLink and Farm Market News<BR>University of Guelph, Ridgetown Campus<BR>Tel. 519-674-1500 x 63577</DIV>
<DIV>Fax. 519-674-1530<BR>E-mail: jjordan@ridgetownc.uoguelph.ca<BR>AgriLink website : www.ridgetownc.com/agrilink </DIV></BODY></HTML>